B D On February 1, 2014, the Ogleby Company exchanged old delivery equipment and $36,000 fom H 1 On February 1, 2014, the Ogleby Company exchanged old delivery equipment and $36,000 for new delivery equipment. The old delivery equipment was purchased on January 1, 2012, for $126,000 and was estimated to have a $18,000 salvage value at the end of its 5-year life. Depreciation on the delivery equipment has been recorded through December 31, 2013. It is estimated that the fair value of the old delivery equipment is $54,000 on February 1, 2014. Instruction: Record any entries required on February 1, 2014 assuming Ogleby uses the straight-line method of depreciation. Question 1 Question 2 Question 3 Question 4